George Soros on Myanmar: A Long-Term Investment That 'Paid Off' | Asia Society Skip to main content

Unsupported Browser Detected.
It seems the web browser you're using doesn't support some of the features of this site. For the best experience, we recommend using a modern browser that supports the features of this website. We recommend Google Chrome, Mozilla Firefox, or Microsoft Edge

  • Arts
    • Arts & Culture
      • Film
      • Literature
      • Performing Arts
    • Asia Society Museum
      • Visit
      • Exhibitions
      • Programs
      • Collection
      • Asia Society Triennial
      • The Asia Arts and Museum Network
    • Asia Arts Game Changer Awards
      • About
      • Honorees
      • Ceremonies
      • Photos
      • Support
    • Creative Voices of Muslim Asia
      • Resources
      • Exhibitions
      • Videos
  • Education
    • Chinese Language Learning
    • Global Education
    • Discover Asia
    • About
  • Policy
    • Asia Society Policy Institute
      • Center for China Analysis
      • Topics
      • Countries & Regions
      • Publications
      • Initiatives
      • Watch & Listen
      • Events
      • About
      • Support Us
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Events
      • Reports
      • COAL + ICE
    • ChinaFile
      • Reporting & Opinion
      • Conversation
      • Library
      • Multimedia
  • Initiatives
    • Arts
      • Arts & Museum Summit
      • Asia Arts Game Changer Awards
      • The Asia Arts & Museum Network
      • Creative Voices of Muslim Asia
      • U.S.-China Museum Summit
      • U.S.-Asia Entertainment Summit
    • Leadership
      • Asia Game Changer Awards
      • Asia 21 Next Generation Fellows
      • Diversity Leadership Initiatives
      • U.S.-China Dialogue
    • Policy
      • Asia Society Policy Institute
      • Center on U.S.-China Relations
    • Sustainability
      • Coal + Ice
  • Countries & Regions
    • Column One
      • Afghanistan
      • American Samoa
      • Armenia
      • Australia
      • Azerbaijan
      • Bahrain
      • Bangladesh
      • Bhutan
      • Brunei
      • Cambodia
      • Central Asia
      • China
      • Cook Islands
      • Cyprus
      • East Asia
      • East Timor
      • Fiji
      • French Polynesia
      • Georgia
      • Guam
    • Column Two
      • Hong Kong
      • India
      • Indonesia
      • Iran
      • Iraq
      • Israel
      • Japan
      • Jordan
      • Kazakhstan
      • Kiribati
      • Kuwait
      • Kyrgyzstan
      • Laos
      • Lebanon
      • Macau
      • Malaysia
      • Maldives
      • Marshall Islands
      • Micronesia
      • Mongolia
    • Column Three
      • Myanmar
      • Nauru
      • Nepal
      • New Caledonia
      • New Zealand
      • Niue
      • North Korea
      • Northern Marianas
      • Oceania
      • Oman
      • Pakistan
      • Palau
      • Palestine
      • Papua New Guinea
      • Philippines
      • Qatar
      • Samoa
      • Saudi Arabia
      • Singapore
      • Solomon Islands
    • Column Four
      • South Asia
      • Southeast Asia
      • South Korea
      • Sri Lanka
      • Syria
      • Taiwan
      • Tajikistan
      • Thailand
      • Tibet
      • Tokelau
      • Tonga
      • Turkey
      • Turkmenistan
      • Tuvalu
      • United Arab Emirates
      • Uzbekistan
      • Vanuatu
      • Vietnam
      • Wallis and Futuna
      • West Asia
      • Yemen
  • Current Affairs
    • Topics
      • Business
      • Climate Change
      • Governance
    • Programming
      • Beyond the Headlines
      • Business of Asia
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
    • ChinaFile
      • Reporting & Opinion
      • Conversation
      • Library
      • Multimedia
  • Look & Listen
    • Asia Society Magazine
    • ChinaFile
    • Podcasts
    • Video Gallery
  • Events
    • Upcoming Events
    • Past Events
  • Visit
    • Visit Us
      • Hong Kong
      • New York
      • Texas
    • Global Network
      • Australia
      • France
      • India
      • Japan
      • Korea
      • Northern California
      • Philippines
      • Seattle
      • Southern California
      • Switzerland
      • Washington, D.C.
  • About
    • About Asia Society
    • What We Do
    • Inclusion & Diversity
    • Background & History
    • Board of Trustees
    • Senior Leadership
    • Global Staff
    • Global Council
    • Careers
    • Interns and Volunteers
    • Financial Statements
    • For the Media
      • Press Releases
  • Support
    • The Campaign for Asia Society
    • Corporate Engagement
      • Business Council
      • Technology and Innovation Council
      • Global Talent and Diversity Council
      • Rising Executives Network
      • Enhancements to Membership
      • Corporate Membership
      • Global Corporate Leaders
    • Membership
    • Donate
    • Donor Privacy Statement
ASIABLOG
Subscribe
Search
  • Arts
    • Arts & Culture
      • Film
      • Literature
      • Performing Arts
    • Asia Society Museum
      • Visit
      • Exhibitions
      • Programs
      • Collection
      • Asia Society Triennial
      • The Asia Arts and Museum Network
    • Asia Arts Game Changer Awards
      • About
      • Honorees
      • Ceremonies
      • Photos
      • Support
    • Creative Voices of Muslim Asia
      • Resources
      • Exhibitions
      • Videos
  • Education
    • Chinese Language Learning
    • Global Education
    • Discover Asia
    • About
  • Policy
    • Asia Society Policy Institute
      • Center for China Analysis
      • Topics
      • Countries & Regions
      • Publications
      • Initiatives
      • Watch & Listen
      • Events
      • About
      • Support Us
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Events
      • Reports
      • COAL + ICE
    • ChinaFile
      • Reporting & Opinion
      • Conversation
      • Library
      • Multimedia
  • Initiatives
    • Arts
      • Arts & Museum Summit
      • Asia Arts Game Changer Awards
      • The Asia Arts & Museum Network
      • Creative Voices of Muslim Asia
      • U.S.-China Museum Summit
      • U.S.-Asia Entertainment Summit
    • Leadership
      • Asia Game Changer Awards
      • Asia 21 Next Generation Fellows
      • Diversity Leadership Initiatives
      • U.S.-China Dialogue
    • Policy
      • Asia Society Policy Institute
      • Center on U.S.-China Relations
    • Sustainability
      • Coal + Ice
  • Countries & Regions
    • Column One
      • Afghanistan
      • American Samoa
      • Armenia
      • Australia
      • Azerbaijan
      • Bahrain
      • Bangladesh
      • Bhutan
      • Brunei
      • Cambodia
      • Central Asia
      • China
      • Cook Islands
      • Cyprus
      • East Asia
      • East Timor
      • Fiji
      • French Polynesia
      • Georgia
      • Guam
    • Column Two
      • Hong Kong
      • India
      • Indonesia
      • Iran
      • Iraq
      • Israel
      • Japan
      • Jordan
      • Kazakhstan
      • Kiribati
      • Kuwait
      • Kyrgyzstan
      • Laos
      • Lebanon
      • Macau
      • Malaysia
      • Maldives
      • Marshall Islands
      • Micronesia
      • Mongolia
    • Column Three
      • Myanmar
      • Nauru
      • Nepal
      • New Caledonia
      • New Zealand
      • Niue
      • North Korea
      • Northern Marianas
      • Oceania
      • Oman
      • Pakistan
      • Palau
      • Palestine
      • Papua New Guinea
      • Philippines
      • Qatar
      • Samoa
      • Saudi Arabia
      • Singapore
      • Solomon Islands
    • Column Four
      • South Asia
      • Southeast Asia
      • South Korea
      • Sri Lanka
      • Syria
      • Taiwan
      • Tajikistan
      • Thailand
      • Tibet
      • Tokelau
      • Tonga
      • Turkey
      • Turkmenistan
      • Tuvalu
      • United Arab Emirates
      • Uzbekistan
      • Vanuatu
      • Vietnam
      • Wallis and Futuna
      • West Asia
      • Yemen
  • Current Affairs
    • Topics
      • Business
      • Climate Change
      • Governance
    • Programming
      • Beyond the Headlines
      • Business of Asia
    • Center on U.S.-China Relations
      • Home
      • About
      • Projects
      • Reports
      • Past Events
    • ChinaFile
      • Reporting & Opinion
      • Conversation
      • Library
      • Multimedia
  • Look & Listen
    • Asia Society Magazine
    • ChinaFile
    • Podcasts
    • Video Gallery
  • Events
    • Upcoming Events
    • Past Events
  • Visit
    • Visit Us
      • Hong Kong
      • New York
      • Texas
    • Global Network
      • Australia
      • France
      • India
      • Japan
      • Korea
      • Northern California
      • Philippines
      • Seattle
      • Southern California
      • Switzerland
      • Washington, D.C.
  • About
    • About Asia Society
    • What We Do
    • Inclusion & Diversity
    • Background & History
    • Board of Trustees
    • Senior Leadership
    • Global Staff
    • Global Council
    • Careers
    • Interns and Volunteers
    • Financial Statements
    • For the Media
      • Press Releases
  • Support
    • The Campaign for Asia Society
    • Corporate Engagement
      • Business Council
      • Technology and Innovation Council
      • Global Talent and Diversity Council
      • Rising Executives Network
      • Enhancements to Membership
      • Corporate Membership
      • Global Corporate Leaders
    • Membership
    • Donate
    • Donor Privacy Statement

George Soros on Myanmar: A Long-Term Investment That 'Paid Off'

April 30th, 2015


Billionaire philanthropist George Soros, chairman of the Open Society Foundations, speaking at Asia Society in New York on Thursday, April 20, 2015. (Elena Olivo/Asia Society)


Asia Society Museum’s history-making exhibition, Buddhist Art of Myanmar, opens February 10, 2015, in New York. Exploring Buddhist narratives and regional styles, Buddhist Art of Myanmar is the first exhibition in the West to focus on art from collections in Myanmar. Learn more

Philanthropist and investor George Soros warned Thursday that ethnic tensions and a lack of tolerance threaten economic and political progress in Myanmar, a country to which Soros has devoted more than two decades of attention and philanthropy. “Ethnic and religious tensions … are the most disturbing part of the process of reform in Myanmar,” Soros said at Asia Society in New York. Tolerance towards marginalized groups such as the Rohingya Muslims, he added, “may determine the legacy of (President) Thein Sein.”

Overall Soros praised Myanmar for its early steps toward democracy and economic reform. He called his own efforts in that country — long known as Burma — as “a longer-term investment that paid off ... I don’t think I ever had a financial investment as long-term as that.”

Soros’ appearance was part of a season of Asia Society programming focused on Myanmar, which has been in a transition from military dictatorship to democracy for the past several years. Soros has devoted personal resources and worked through his Open Society Foundations to help students who led a democracy movement, to strengthen a fledgling education system, to upgrade the country’s telecommunications network, and help in the election process.

In Thursday's program, titled “When Societies Open,” Soros and moderator Orville Schell assessed progress, or the lack thereof, in nearly a dozen nations where Soros and his Open Society Foundations have sought to assist transitions to democracy and economic reform. “There are windows of opportunity” for such reforms, he said. “And when they are open, you want to walk in.”

Video: Why George Soros Considers Himself 'Typhoid Mary' in China

Soros saw tyranny first-hand as a child. He was 14 when Nazi Germany occupied his native Hungary. Later Hungary suffered the tyranny of the Soviet occupation of Eastern Europe, and Soros’ first major efforts to build “open societies” came after the Berlin Wall was breached in 1989, and the so-called Eastern-bloc nations threw off the yoke of Soviet communism.

As the Soviet empire unraveled, “I moved in and picked up the pieces,” Soros said with a smile. “The ‘Soros Empire’ replaced the Soviet Empire.” He singled out Poland and the Baltic nations as success stories, and warned that a “resurgent Russia” was threatening not only reforms in the former Soviet Union but also the power and influence of the European Union. He chastised Russian President Vladimir Putin for his actions in Ukraine and his stranglehold on public opinion. “Putin won’t change,” Soros said. “He’s now a prisoner of the genie he allowed to get out of the bottle.”

Soros was slightly more optimistic about prospects for change in China. Schell, Arthur Ross Director of Asia Society’s Center on U.S.-China Relations, asked about possibility of greater openness in China, to which Soros said, “China is at a crossroads.” A more open civil society in China, he said, would likely depend on the success of President Xi Jinping’s economic reforms. Asked whether his organization was working in China today, Soros was blunt: “We would be happy to be engaged in China, but we are not welcome.”

The hour-long conversation covered much of the globe (Sri Lanka is “a promising opportunity”; Haiti “moving from bad to worse”) and touched on finance, philanthropy, and even philosophy. Moving into promising regions, said Soros, was like observing a beautiful object, “the object of one’s desire,” only to be disappointed by the reality that follows.

“The collapse of a closed society,” he said, “doesn’t always result in an open society.” And in a final exchange that assessed his life’s work, Soros said he viewed the role of civil society and organizations like his as “holding governments accountable. This is a mission that will not end in my lifetime.”


Video: Watch the complete program. (58 min., 4 sec.)

Related Links

  • Myanmar's Moment: A Season of Asia Society Programming
  • Video: Myanmar's Democratic and Economic Reforms Are 'Underappreciated'
george soros
orville schell
center on us-china relations
china
myanmar
curent affairs
russia
xi jinping
thein sein
vladimir putin
civil society
investment
philanthropy
burma
sri lanka
asiablog

About the Author

Profile picture for user Tom Nagorski

Tom Nagorski is Executive Vice President of the Asia Society. Prior to joining Asia Society he was Managing Editor for International Coverage at ABC News.

 @tomnagorski
About
  • Mission & History
  • Our People
  • Become a Member
  • Career Opportunities
  • Corporate Involvement
visit us
  • Hong Kong
  • New York
  • Texas
global network
  • Australia
  • France
  • India
  • Japan
  • Korea
  • Northern California
  • Philippines
  • Seattle
  • Southern California
  • Switzerland
  • Washington, D.C.
resources
  • Arts
  • Asia Society Magazine
  • ChinaFile
  • Education
  • Policy
  • Video
shop
  • AsiaStore
initiatives
  • Arts & Museum Summit
  • Asia 21 Next Generation Fellows
  • Asia Arts Game Changer Awards
  • Asia Game Changer Awards
  • Asia Society Museum: The Asia Arts & Museum Network
  • Asia Society Policy Institute
  • Asian Women Empowered
  • Center on U.S.-China Relations
  • Coal + Ice
  • Creative Voices of Muslim Asia
  • Global Cities Education Network
  • Global Talent Initiatives
  • U.S.-Asia Entertainment Summit
  • U.S.-China Dialogue
  • U.S.-China Museum Summit
Connect
Email Signup For the media
Asia Society logo
©2023 Asia Society | Privacy Statement | Accessibility | Terms & Conditions | Sitemap | Contact

Asia Society takes no institutional position on policy issues and has no affiliation with any government.
The views expressed by Asia Society staff, fellows, experts, report authors, program speakers, board members, and other affiliates are solely their own. Learn more.

 

 

  • Visit Us
  • Hong Kong
  • New York
  • Texas
  • Global Network
  • Australia
  • France
  • India
  • Japan
  • Korea
  • Northern California
  • Philippines
  • Seattle
  • Southern California
  • Switzerland
  • Washington, DC